UPS boosts volume in US for first time since 2022, but profit and revenue slide
UPS boosted its volume in the U.S. for the first time since 2022 during its second quarter, but profit and revenue fell short of Wall Street expectations, partly due to a hefty charge. CEO Carol Tome said the package delivery company returned to volume growth in the U.S. during the quarter for the first time in nine quarters. “This quarter was a significant turning point for our company," Tome said in a prepared statement.
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